Effective Crisis Management by Managers Crucial for Global Economic Recovery.
In today's globalized world, countries face more frequent crises, especially financial ones that affect companies' survival. During a crisis, a manager's crisis management skills directly impact a company's success. Managers need to be skilled in crisis management to handle unexpected and destabilizing situations effectively. It is crucial for organizations to anticipate potential crises and take preventive measures. A crisis disrupts an organization's routine system and threatens its values, goals, and assumptions. Rapid changes can lead to unforeseen events, making it essential to be prepared for crises and manage them effectively.